Market Performance - The city commercial bank sector increased by 0.13% compared to the previous trading day, with Qingdao Bank leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up 0.18%, while the Shenzhen Component Index closed at 14329.91, up 0.09% [1] Individual Stock Performance - Qingdao Bank (002948) closed at 4.61, up 2.22% with a trading volume of 820,200 shares and a transaction value of 376 million [1] - Ningbo Bank (002142) closed at 30.55, up 0.86% with a trading volume of 507,200 shares and a transaction value of 1545 million [1] - Hangzhou Bank (600926) closed at 15.69, up 0.71% with a trading volume of 837,900 shares and a transaction value of 1323 million [1] - Qilu Bank (601665) closed at 5.59, up 0.54% with a trading volume of 649,200 shares and a transaction value of 363 million [1] - Chongqing Bank (601963) closed at 10.36, up 0.39% with a trading volume of 91,200 shares and a transaction value of 94.52 million [1] - Shanghai Bank (601229) closed at 9.27, up 0.11% with a trading volume of 635,000 shares and a transaction value of 593 million [1] - Other banks such as Changsha Bank, Xiamen Bank, and Suzhou Bank showed minimal changes in their stock prices [1] Capital Flow - The city commercial bank sector saw a net inflow of 404 million from main funds, while retail investors experienced a net outflow of 4.15 billion [2] - The main funds' net inflow and outflow for individual banks varied, with Ningbo Bank and Jiangsu Bank showing significant inflows [3] - Retail investors showed notable outflows in several banks, indicating a shift in investment sentiment [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：601838 证券简称：成都银行 公告编号：2026-002 成都银行股份有限公司 首次公开发行限售股上市流通公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为首发股份；股票认购方式为网下，上市股数为7,377,158股。 三、本次限售股上市流通的有关承诺 本次股票上市流通总数为7,377,158股。 ● 本次股票上市流通日期为2026年2月2日（因2026年1月31日为非交易日，故顺延至2026年2月2日）。 一、本次限售股上市类型 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准成都银行股份有限公司首次公开发行 股票的批复》（证监许可〔2017〕2339号）核准，成都银行股份有限公司（以下简称"本公司"、"成都 银行"）向社会首次公开发行人民币普通股（A股）股票361,225,134股，并于2018年1月31日在上海证券 交易所挂牌上市。首次公开发行后，本公司总股本为3,612,251,334股，其中有限售 ...

央行官网发布公告，《中国人民银行残缺污损人民币兑换办法》已于2025年12月12日经央行2025年第18 次行务会议审议通过。该办法明确金融机构需无偿为公众办理残缺污损人民币兑换业务，不得拒绝。特 殊原因形成的残缺污损人民币兑换，由央行分支机构指定金融机构办理。办法还划定了兑换标准与不予 兑换的情形，进一步完善兑换流程。旧版办法及相关通知将随新办法施行同步废止。 2、多省份官宣调降商业用房购房贷款最低首付比例 1、新版残缺污损人民币兑换办法3月31日起正式施行 中国人民银行陕西省分行发布通知，自2026年1月23日起，当地商用房房贷最低首付比例调至不低于 30%。此次政策并非陕西独有，广东（不含深圳）、湖南、湖北等四省份也已同步发布调降通知。该政 策覆盖商业用房及商住两用房，是各地落实房地产金融调控的具体举措。目前相关政策已在上述地区正 式落地，助力商业地产市场平稳发展。此次调降进一步优化了商用房信贷政策，降低了相关购房资金门 槛。 3、马年贺岁纪念币钞兑换火爆，二手市场溢价超80% 1月26日，欢迎关注《银行今十条》，今日银行重要信息一览： 6、董方获批担任招银理财董事、总裁 国家金融监督管理总局发布正式批 ...

1月26日金融一线消息，成都银行发布公告，167名股东合计所持738万股首发股份将于2026年2月2日上 市流通，占公司总股本的0.17%。 1月26日金融一线消息，成都银行发布公告，167名股东合计所持738万股首发股份将于2026年2月2日上 市流通，占公司总股本的0.17%。 责任编辑：秦艺 责任编辑：秦艺 ...

证券代码：601838 证券简称：成都银行 公告编号：2026-002 成都银行股份有限公司 首次公开发行限售股上市流通公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为首发股份；股票认购方式为网下，上市股 数为7,377,158股。 本次股票上市流通总数为7,377,158股。 本次股票上市流通日期为2026 年 2 月 2 日（因 2026 年 1 月 31 日为非交易日，故顺延至 2026 年 2 月 2 日）。 一、本次限售股上市类型 本次上市流通的限售股为本公司首次公开发行限售股，共计 7,377,158 股，共涉及 167 名股东，锁定期为自本公司股票上市之日起 96 个月，该部分限售股将于 2026 年 2 月 2 日（因 2026 年 1 月 31 日为 非交易日，故顺延至 2026 年 2 月 2 日）锁定期届满并上市流通。 二、本次限售股形成后至今公司股本数量变化情况 经中国证券监督管理委员会《关于核准成都银行股份有限公司公 开发行可转换公司债券的批复》（证监许可〔 ...

中信建投证券股份有限公司 关于成都银行股份有限公司 首次公开发行股票部分限售股解禁上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐人"）作为 成都银行股份有限公司（以下简称"成都银行"、"公司"）首次公开发行股票的 持续督导机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票 上市规则》以及《上海证券交易所上市公司自律监管指引第 11 号——持续督导》 等有关规定，对成都银行首次公开发行股票部分限售股份解禁上市流通事项进行 了核查，发表核查意见如下： 一、本次上市流通的限售股类型 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准成都银行 股份有限公司首次公开发行股票的批复》（证监许可〔2017〕2339 号）核准，成 都银行向社会首次公开发行人民币普通股（A 股）股票 361,225,134 股，并于 2018 年 1 月 31 日在上海证券交易所挂牌上市。首次公开发行后，成都银行总股本为 3,612,251,334 股，其中有限售条件流通股 3,251,026,200 股，无限售条件流通股 361,225,134 股。 人民币 7,995,091,000 ...

（记者 王晓波） 每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 每经AI快讯，成都银行1月26日晚间发布公告称，公司限售股份约737.72万股将于2026年2月2日解禁并 上市流通，占公司总股本比例为0.17%。 ...

Investment Rating - The report maintains an "Overweight" rating for the securities and banking sectors, while also recommending the insurance sector [8]. Core Insights - The market remains active with an average daily trading volume of 28 trillion yuan in A-shares, and the financing balance stabilizing at 2.7 trillion yuan. However, the ETF market has experienced significant volatility, with major outflows from core broad-based ETFs [11][16]. - The sentiment for market bullishness is strong, and the spring rally is expected to continue, particularly in the insurance sector where beta trading opportunities are anticipated [2][26]. - The central bank's governor indicated that there is still room for interest rate cuts, with the latest Loan Prime Rate (LPR) remaining unchanged for eight consecutive months [11][32]. Securities Sector Summary - The report highlights a positive outlook for the securities sector, with several brokerages reporting significant profit growth for 2025. The recommendation includes top brokerages such as CITIC Securities, Guotai Junan, and GF Securities [2][12]. - The average daily trading volume in the A-share market is noted at 28 trillion yuan, with a stable financing balance, indicating a recovery opportunity for the brokerage sector [11][12]. Insurance Sector Summary - The report suggests focusing on quality leading companies in the insurance sector, as the market sentiment remains strong and the spring rally is expected to continue [26][27]. - The insurance sector's fund holdings have increased, with major stocks like Ping An and China Life being highlighted for their significant market presence [27][31]. Banking Sector Summary - The banking sector is characterized by stable performance, with several banks reporting positive earnings forecasts for 2025. The report recommends quality individual stocks such as Nanjing Bank and Chengdu Bank [3][40]. - The central bank's comments on potential interest rate cuts and the expansion of wealth management products indicate a favorable environment for banks [32][33]. - The report notes a decline in bond allocations within bank wealth management products, with an increase in deposits and funds [37][34].

Investment Rating - The report maintains an "Overweight" rating for both the banking and securities sectors [6]. Core Insights - The financial sector shows a strategic allocation opportunity, with increased fund positions in banking, securities, and insurance stocks [1][5]. - The banking sector's fund position has slightly increased, indicating a return of risk appetite among investors [2][13]. - The securities sector is experiencing a recovery in fund positions, driven by market activity and performance expectations [3][5]. - The insurance sector has seen a significant increase in fund positions, with major insurance stocks being favored by investors [4][5]. Summary by Sections Banking Sector - As of Q4 2025, the banking sector's fund position increased by 0.04 percentage points to 1.89%, with large banks and joint-stock banks seeing gains, while city commercial banks experienced a decline [2][13]. - The top three heavy-weighted stocks in the banking sector account for 46.0% of the total fund position, indicating a concentration in holdings [13][27]. - The dividend yield for A/H shares in the banking sector is approximately 4.87%/4.88%, making it attractive compared to the 10-year government bond yield of 1.83% [5]. Securities Sector - The securities sector's fund position rose by 0.10 percentage points to 0.72%, although it remains at a historically low level [3][5]. - Major securities firms like CITIC Securities and Guotai Junan have been favored for their performance potential amidst market recovery [5][8]. - The average price-to-book ratio for large and small securities firms is 1.44x and 1.67x, respectively, indicating they are trading at 27% and 42% of their historical averages [5]. Insurance Sector - The insurance sector's fund position increased by 0.94 percentage points to 1.72%, with major stocks like Ping An and China Pacific receiving significant increases in holdings [4][5]. - The insurance index's price-to-book ratio is at 1.53x, which is at the 40th percentile of valuations since 2014, suggesting potential for valuation recovery [4][5]. - Strong sales performance in life insurance is noted, with a focus on high-elasticity stocks as key investment opportunities [4].

Investment Rating - The report maintains an "Overweight" rating for the banking sector, indicating an expectation that the sector will outperform the benchmark index [1]. Core Insights - The banking index has declined by 8.4% since December, primarily due to concerns over real estate and interest rate cuts, leading to a valuation drop to 0.65x PB, which is at the 65th percentile over the past five years. Some quality stocks are offering a dividend yield close to 6% for 2025 [2][6]. - Despite the market's concerns, the core revenue trends in the banking sector remain positive. Eight banks, including Nanjing and Ningbo, reported improved revenues and profits for 2025, suggesting a favorable outlook for 2026 as net interest margins stabilize and wealth management income contributes positively [7][9]. - The report emphasizes the importance of focusing on high-quality banks with strong fundamentals and earnings elasticity, such as Ningbo, Nanjing, and Chongqing Rural Commercial Bank, as well as those with excellent dividend yield ratios like Shanghai and Chengdu banks [7][9]. Summary by Sections Investment Recommendations - The report highlights specific banks with investment recommendations: - Chengdu Bank (601838 CH): Buy with a target price of 23.25 [5]. - Chongqing Rural Commercial Bank (3618 HK): Buy with a target price of 8.34 [5]. - Nanjing Bank (601009 CH): Buy with a target price of 14.78 [5]. - Shanghai Bank (601229 CH): Buy with a target price of 12.38 [5]. - Ningbo Bank (002142 CH): Buy with a target price of 35.12 [5]. - Chongqing Rural Commercial Bank (601077 CH): Hold with a target price of 8.29 [5]. Market Dynamics - The report notes that the banking sector's credit issuance has been robust at the start of 2026, with a significant portion of new credit issued in January, indicating a shift in lending patterns. The focus remains on sectors like transportation, energy, and manufacturing [9][10]. - The report anticipates a narrowing of the decline in net interest margins for 2026, driven by the optimization of funding costs and stabilization in new loan pricing. The impact of potential interest rate cuts by the central bank is expected to be limited due to the timing of loan repricing [10][21]. Performance Metrics - The report provides performance metrics for various banks, indicating improvements in revenue and profit growth for several institutions. For instance, Nanjing Bank is projected to achieve a net profit of 219 billion yuan in 2025, with a growth rate of 8.5% [26]. - The report also highlights the asset quality of banks, noting that the average non-performing loan ratio for mortgage loans remains below 1%, indicating manageable risk levels [6][9].